News and comment from a uk perspective on accounting / tax / regulation developments, particularly as they affect small businesses
Wednesday, 9 October 2013
Monday, 7 October 2013
RTI? really teeeedius info gathering system?
RTI - real time information PAYE system
This is the system whereby HMRC receive online each time a payroll is run all the info about tax due etc.
So for 2013/14 if you are naughty and don't pay your PAYE on time, they write to you/ring you up in the evening/at weekends pestering you for the dough.
So no more financing your worthy enterprise through holding back on paye payments.
For 2014/15 even worse you will get £100 fine for every month you are late automatically, so either sack all your staff by 31.3.14 or obey !!
PS. if you do decide running a payroll is too much for you we have solutions - contact abell AT chartered.org
This is the system whereby HMRC receive online each time a payroll is run all the info about tax due etc.
So for 2013/14 if you are naughty and don't pay your PAYE on time, they write to you/ring you up in the evening/at weekends pestering you for the dough.
So no more financing your worthy enterprise through holding back on paye payments.
For 2014/15 even worse you will get £100 fine for every month you are late automatically, so either sack all your staff by 31.3.14 or obey !!
PS. if you do decide running a payroll is too much for you we have solutions - contact abell AT chartered.org
Labels:
HMRC,
inland revenue,
national insurance,
payroll,
red tape,
regulations,
RTI
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